Common use of Sharing Information With Affiliates of the Banks Clause in Contracts

Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Loan Party, acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and the Borrower, on its own behalf and on behalf of each other Loan Party, hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 as if it were a Bank hereunder. Such authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Freemarkets Inc), Credit Agreement (Freemarkets Inc)

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Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Each Loan Party, Party a party hereto acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and each of the Borrower, on its own behalf and on behalf of each other Loan Party, Parties a party hereto hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 10.12 [Confidentiality] as if it were a Bank hereunder. Such authorization Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Loan Party, Each Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower Borrowers or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and each of the Borrower, on its own behalf and on behalf of each other Loan Party, Borrowers hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party Borrower and its Subsidiaries pursuant to this AgreementAgreement on a need-to-know basis, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 10.12.1 as if it were a Bank hereunder; provided, however, that Agent shall not share any such information without the prior written consent of the Parent. Such authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (U S Interactive Inc/Pa)

Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Each Loan Party, Party a party hereto acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and each of the Borrower, on its own behalf and on behalf of each other Loan Party, Parties a party hereto hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 10.12 [Confidentiality] as if it were a Bank hereunder. Such authorization Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.. 10.13

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

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Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Each Loan Party, Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and and, notwithstanding the Borroweruse restriction contained in the first sentence of Section 11.12.1, on its own behalf and on behalf each of each other the Loan Party, Parties hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 11.12.1 as if it were a Bank hereunder. Such authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

Sharing Information With Affiliates of the Banks. The Borrower, on its own behalf and on behalf of each other Each Loan Party, Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by any Bank or by one or more Subsidiaries or Affiliates of such Bank and and, notwithstanding the Borroweruse restriction contained in the first sentence of Section 11.12.1, on its own behalf and on behalf each of each other the Loan Party, Parties hereby authorizes each Bank to share any information delivered to such Bank by such Loan Party and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate affiliate of any Bank receiving such information shall be bound by the provisions of Section 11.13.1 11.12.1 as if it were a Bank hereunder. Such authorization Authorization shall survive the repayment of the Loans and other Obligations and the termination of the Commitments.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

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